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a (8 points) Consider a situation in which Q1 = Q, but (2 is unknown in period 1. In particular, assume Q Qto with p=0.4

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a (8 points) Consider a situation in which Q1 = Q, but (2 is unknown in period 1. In particular, assume Q Qto with p=0.4 Q-3 with (1 - p) = 0.6 (1) In this case, the expected value and the standard deviation of the endowment in period 2 ((2) are equal to: (a) E(Q2) = Q and SD(Q.)=0 (b) E(Q2) = Q-0.20 and SD(Q2) = 0.980 (c) E(Q2) = Q -0.25 and SD(Q.) = 0 (d) E(Q2) = Q and SD(Q2) = 0.20 (e) E(Q2) = Q+ 0.20 and SD(Q.) = 0 Do not forget to include step by step your calculations

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